411man
October 15, 2010, 08:14
Gold Explodes After Bernanke Gives QE2 Green Light: "Sees Case For Further Action"
http://www.zerohedge.com/article/gold-explodes-aftger-bernanke-gives-qe2-green-light-sees-case-further-action
More broken gospel from the Central Bank of faith and hope, as gold surges, despite what anti-gold bugs out there preach day in and out:
Fed's Bernanke says sees case for further action with too low inflation
Fed's Bernanke says Fed could buy assets, alter statement
Fed's Bernanke says hard to determine pace, size of any purchases, must weigh costs, benefits in deciding how aggressive to be
Fed's Bernanke says Fed has tools to ease when rates near zero, earlier bond-buying was successful in lowering long-term rates
Fed's Bernanke says risk deflation is higher than desirable, unemployment clearly too high
Fed's Bernanke says at current rates of inflation, short-term real interest rates are too high
Fed's Bernanke says unemployment to decline slowly, prolonged high unemployment would pose risk to sustainability of recovery
end quote
It isn't going well for the US nor World's economies. It is coming sooner than anyone expects.
http://www.zerohedge.com/article/gold-explodes-aftger-bernanke-gives-qe2-green-light-sees-case-further-action
More broken gospel from the Central Bank of faith and hope, as gold surges, despite what anti-gold bugs out there preach day in and out:
Fed's Bernanke says sees case for further action with too low inflation
Fed's Bernanke says Fed could buy assets, alter statement
Fed's Bernanke says hard to determine pace, size of any purchases, must weigh costs, benefits in deciding how aggressive to be
Fed's Bernanke says Fed has tools to ease when rates near zero, earlier bond-buying was successful in lowering long-term rates
Fed's Bernanke says risk deflation is higher than desirable, unemployment clearly too high
Fed's Bernanke says at current rates of inflation, short-term real interest rates are too high
Fed's Bernanke says unemployment to decline slowly, prolonged high unemployment would pose risk to sustainability of recovery
end quote
It isn't going well for the US nor World's economies. It is coming sooner than anyone expects.